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Octopus picks up stake in Swedish wind farm


Octopus Renewables has announced the acquisition of a 49% stake in the Rodene onshore wind farm from asset management company Mirova.
The onshore wind farm, located outside Alingsås in Västra Götaland, Sweden, is currently under construction by RES under an engineering, procurement and construction (EPC) contract.
Once operational, Rodene will compromise 13 wind turbines with a total capacity of 85.8MW, the equivalent of powering 40,000 homes in Sweden, resulting in a yearly saving of 230,000 tons of CO2 equivalent.
The wind farm is expected to be fully operational in the second half of 2022.
Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3bn. ....

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Here's How To Capitalize On The Transition To Renewable Energy


According to Mirova (Natixis Investment Managers’ affiliate), energy transition offers opportunities not only in solar and wind projects but also in the hydroelectricity, biogas, electric mobility and hydrogen industries
Mirova (an affiliate of Natixis Investment Managers) has been operating in the renewable energy industry since 2002 and has since undertaken more than 175 projects focused on renewable energy by forging partnerships with industrial companies in order to develop infrastructures throughout Europe. This nearly two-decade experience has highlighted some important truths.
The Three Important Truths About Energy Transition: Firstly, there is an exponential demand for green energy aiming to replace carbon-intensive energy sources; secondly, investments in green energy can prove to be very profitable (and have been so in most cases) for investors, especially in the case of a solid investment process; the third truth is that opportunities for investors with a go ....

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New Mirova co-investment vehicle participates in major renewable infrastructure project alongside Engie and Credit Agricole Assurances


New Mirova co-investment vehicle participates in major renewable infrastructure project alongside Engie and Credit Agricole Assurances
Submitted
25/01/2021 - 10:09am
Mirova, an affiliate of Natixis Investment Managers, has created a new co-investment vehicle, which has attracted existing investors in its current Energy Transition fund, Mirova Eurofideme 4 (MEF4), as well as new clients. 
The vehicle was created specifically to participate, alongside Engie and Credit Agricole Assurances, in the acquisition of the second largest hydroelectric portfolio in Portugal from EDP.  The deal, valued at EUR2.2 billion, completed in late December.  
 
Investors in the new co-investment vehicle include Banca March, Merseyside Pension Fund, Natixis Assurances, Groupama, EB Erneuerbare Energien Fonds Europa and LHI Group. MEF4, together with the MEF4 co-investment vehicle, own 25 per cent of the total consortium. Engie owns 40 per cent, while Crédit Agricole Assuranc ....

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Merseyside Pension Fund co-invests in Portuguese hydro power via Mirova


By Rachel Fixsen2021-01-20T09:35:00+00:00
Merseyside Pension Fund (MPF) in the UK is among several institutional investors revealed to have invested in a new co-investment vehicle created by Mirova to own a share of a large Portuguese hydroelectric portfolio.
Portuguese electric utility firm EDP announced in December that it sold the portfolio, located in the Douro valley with 1.7 GW capacity, to a consortium of Credit Agricole Assurances, French operator Engie and Mirova, in a €2.2bn deal.
After a debt tranche and price reduction contingencies, the equity portion of the investment is €1.68bn, according to Mirova.
The three buyers now hold stakes of 35%, 40% and 25% respectively in the portfolio, said EDP, noting that the transaction had been finalised exactly a year after the original agreement between the companies. ....

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